Given: 31/12/98 31/12/99
Assets: Plant and Mach. N1,500 N1,200
Fixtures N700 N520
Stock N500 N600
Debtors N900 N400
Cash N200 N300
Liabilities: Creditor N500 N600
Loan N600 N400

Determine the total fixed assets from the opening balance sheet.

Similar Questions

An increases in the provision for doubtful debts results is a\an ...

\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...

The major distinguishing element between the final account of a partnership and that of a sole trade...

\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...

Which of the following is a signatory to federal government account? ...

Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...

On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of ...

A proprietor started business with #13,000. Assets and liabilities at the end of the year; fixed ass...

The ratio which measures the solvency of a firm is the ...

A dishonored cheque is ...